Datto Holding Corp (MSP) Stock Technical Analysis
NYSE:MSP - New York Stock Exchange, Inc. - US23821D1000 - Common Stock
Overall MSP gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MSP is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
MSP is one of the better performing stocks in the Software industry, it outperforms 95% of 282 stocks in the same industry.
A new 52 week high is currently being made by MSP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
MSP has an average volume of 1818010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, MSP did better than 98% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month MSP has a been trading in a tight range between 33.74 and 35.24.
Considerably lower volume is observed in the last couple of days.
Although MSP has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
21.80
35.54
When analyzing the support we can see 4 important areas.
- A support zone ranging from 34.55 to 34.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 33.06 to 33.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.10 from a trend line in the weekly time frame.
- A support zone ranging from 22.02 to 22.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 35.19 to 35.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MSP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MSP is up. |
| ChartMill Relative Strength | 98.08 | POSITIVE | MSP has a high relative strength, it outperformed 98.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MSP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MSP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MSP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.91 | NEUTRAL | The RSI value for MSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MSP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.82 | NEUTRAL | The Stochastics value for MSP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.85 | LOW VOLATILITY | The low ATR as a percentage value for MSP suggests low volalility. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
35.18
+0.19 (+0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.54%
1 Week2.09%
2 Weeks0.23%
1 Month3.99%
3 Month34.07%
6 Month32.06%
12 Month24.93%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%0.85%
ATR Inc43.16%
Range Today0.34
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.08
Mansfield5.06
10 Day High35.24
10 Day Low34.29
20 Day High35.24
20 Day Low33.74
52 Week High35.24
52 Week Low20.76
CS1 End34.97
CR1 Start35.19
Volume & EV
DER(3)0.01%
DER(5)1.5%
Volume804.10K
Volume Incr-2.52%
Vol(5)918.38K
Vol(50)1.82M